TODAY:

economics

FOREIGN TRADE TURNOVER REDUCED BY 30.7% IN Q1 2009 COMPARED WITH THE SAME PERIOD OF 2008

Georgian Statistics Department reports that foreign trade turnover of Georgia accounted for $1.2 billion in the 1st quarter of 2009, which is less by 30.7% compared with the same period of 2008. Out of which, import amounted to $982.1 million (30.1% reduction), export – $220.1 million (33.2% reduction).

TRADE TURNOVER WITH TURKEY INCREASED BY 8.4% IN Q1 2009

Georgian Statistics Department reports that in terms of trade turnover Turkey remained the largest trade partner of Georgia in the 1st quarter of 2009. Namely, trade turnover with this country made up $244.1 million, which exceeded the same rates of 2008 by 8.4%.

CATTLE APPEARED AMONG LARGE ARTICLES OF EXPORT TO AZERBAIJAN IN Q1 2009

Georgian Statistics Department reports that trade turnover with Azerbaijan reduced by 31.6% in the 1st quarter of 2009 (compared with the year 2008) and made up $199.6 million. According to foreign trade turnover, Azerbaijan is on the second position in the list of Georgia’s large trade partners.

TRADE TURNOVER WITH UKRAINE REDUCED BY 33.9% IN Q1 2009 COMPARED WITH 2008

Georgian Statistics Department reports that trade turnover with Ukraine made up $105.3 million in the 1st quarter of 2009, which is less by 33.95 compared with the same period of 2008. According to volume of turnover, this country was the third largest trade partner of Georgia (after Turkey and Azerbaijan).

EXPORT REDUCED BY ONE THIRD IN Q1 2009 COMPARED WITH THE SAME PERIOD OF 2008

Georgian Statistics Department reports that total export from the country made up $220.1 million in the 1st quarter of 2009, which is less by 33.2% compared with the same rates of 2008. At that, the top ten of export articles accounted for 65% ($24.6 million) of total export.

OIL AND OIL-PRODUCTS IMPORT ALMOST HALVED IN Q1 2009, COMPARED WITH 2008

Georgian Statistics Department reports that ten largest import groups accounted for $343.9 million in the 1st quarter of 2009, i.e. 35% of Georgia’s total import. According to the Department, import of oil and oil-products was on the first position with $85.01 million, which is less by 47.8% compared with the same rates of 2008.

business

PREMIUM ATTRACTED BY ALDAGI BCI INCREASED BY 48% IN 2008

Financial Supervision Agency informs that insurance premium, attracted in 2008 by the insurance company Aldagi BCI, made up 62 million lari, which is more by 48.1% compared with the year 2007. According to the attracted premium’s volume, Aldagi BCI occupies the first position among 13 insurance companies, operating on the Georgian insurance market, holding share of 23%.

PREMIUM OF GPI HOLDING INCREASED BY 66% IN 2008

Financial Supervision Agency reports that premium, attracted in 2008 by the insurance company GPI Holding, made up 47 million lari, which is more by 66.3% compared with the year 2007. In terms of volume of attracted premium, GPI Holding occupies the second position among 13 insurance companies, operating in Georgia, holding share of 17.4%.

PREMIUM ATTRACTED BY IMEDI-L INCREASED 3.8 TIMES IN 2008

Financial Supervision Agency reports that volume of premium, attracted in 2008 by the insurance company Imedi-L, made up 46.5 million lari, which is nearly 3.8 times more compared with the previous year. According to the premium’s volume, Imedi-L occupies the third place among 13 Georgian insurance companies, holding share of 17.6%.

TWO SHIPS ARE AUCTIONED AFRESH

Financial Agency of Georgian Finance Ministry brought 2 ships (seiner and dry cargo ship) to auction at a reduced price again. This time, starting price of seiner Saori-2 makes up 70,000 lari instead of 100,000 lari on the previous auction.

JSC TBILISI INTERNATIONAL AIRPORT RE-ANNOUNCED TENDER ON WATER SYSTEM REHABILITATION

JSC Tbilisi International Airport announced tender on rehabilitation of its water system afresh. Envelopes with tender applications will be opened on May 18.

For further information:

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